Results Are In For Codan Fy21 Investor Report

[phrunt]

Our gold hunting areas here are riddled with shotgun pellets, one of the things I liked about my 4500 when I first got it was I could cruise over a majority of the small lead birdshot with little or no reaction from it yet still find gold, until of course I discovered the flat wound coils.  It was pure joy after spending my time prior to that using my Gold Monster and digging a million pellets a day and struggling to find any gold as I spent all my time digging pellets, the GPX allowed me to bypass many of the pellets and still find the gold nuggets except the tiniest ones of course but they're more for the fun of it, if you're doing it for money you really don't want to waste your time digging them anyway.

Sometimes super small target sensitivity really isn't desirable. ?

I'm not sure what the shotgun pellet situation would be like in Africa, I don't think it'd be much of an issue but maybe they consider a 0.03 of a gram nugget as just as much of a frustration as a shotgun pellet ?

[VicR]

I agree with Phrunt - since switching from the GPX4500 to the GPX6000 i am picking up all these shot gun pellets that the GPX4500 did not see - but on the plus side the GPX6000 is finding so much more gold than the 4500 ever did.

[Steve Herschbach]

What can a person say. I'm finding lots of tiny pellets my GPZ 7000 never saw. But that tells me straight up the 6000 is hitting smaller gold better. I've been finding specimen gold in areas I hunted with the 7000, too many for it just to be missed. I think the 6000 is just that much better on very small gold, including gold in quartz.

So I guess I'll dig the pellets. 

[Gold Catcher]

On 10/27/2021 at 3:50 PM, phrunt said:

I'm not sure what the shotgun pellet situation would be like in Africa, I don't think it'd be much of an issue but maybe they consider a 0.03 of a gram nugget as just as much of a frustration as a shotgun pellet ?

You have a good point. I would if I had to feed my family from it.

GC

[phrunt]

Yes, me personally I always strive for the most sensitive detector possible, but I understand someone who is in an area with bigger gold not wanting to waste their time sorting through things like millions of near surface shotgun pellets to possibly get tiny dinks when their aim is to get the bigger stuff.   I often dig 50+ pellets a day, and that's with me rejecting hundreds more with an "educated" or perhaps "uneducated" guess that they're a pellet.  If I really dug and recovered every target I'd not get all that much detecting done in a day.

It's been crossing my mind lately to use a less sensitive detector and coil like my 5000 with a bundle wound coil to not dig near as many targets and hope to get a bigger one by covering a lot more ground.

[Steve Herschbach]

It's the same issue in the old mining pits and tailing piles here Simon, tons of deep nails, shell casings, bullets, and other stuff. Some days all you do is just dig junk all day long. But yeah, I hear what you are saying, and too much sensitivity to the smallest, and least valuable gold, could actually be an impediment in some locations. Where I'm at it's more an annoyance, and at least they are not near as deep as the nails!

[geof_junk]

On 11/2/2021 at 1:20 PM, VicR said:

I agree with Phrunt - since switching from the GPX4500 to the GPX6000 i am picking up all these shot gun pellets that the GPX4500 did not see - but on the plus side the GPX6000 is finding so much more gold than the 4500 ever did.

The last 2 years have been very disappointed. I got to Singapore for a cruise to celebrate your GOLDEN anniversary. It was canceled due to Covid back in 14 Feb 2020. This year they cancelled our Nov 2021 cruise to NZ where we were going to remove all of Simon itchy bitchy teeny weeny nuggets and they canceled that trip due to Covid, which means SIMON has another 12 months to get what remains. I was looking at upgrading my old ML 3000's (analogue detectors to maybe a 6000 or 7000 to go over my old patches ( https://www.detectorprospector.com/forums/topic/11689-nugget-spread) that have no shot gun pellets and the new light weight coils that may somehow overcome my age deterioration due to the lack of freedom in this covid crisis. Well that is the way the cookie crumbles. ?